Dow Jones

[Rich Jones]

Up almost 700 points.
Will FOX report on that tonight?
I highly doubt it.

[Joe (SoCal)]

Nasdaq is up 270 points
It’s been a wild ride - I still lost my shirt in Crypto

[Rich Jones]

Nasdaq is up 270 points
It’s been a wild ride - I still lost my shirt in Crypto

I'm still losing my shirt with Tesla.
But I'm in it for the long haul, so I will be patient.

[Joe (SoCal)]

I'm still losing my shirt with Tesla.
But I'm in it for the long haul, so I will be patient.

I invested in the CAR not the company and I’m WAY ahead

[woodpile]

Up almost 700 points.
Will FOX report on that tonight?
I highly doubt it.

Try FOX business, continuous updates.

[webishop14]

I'm in it for the long haul as well. My stock has lost 50% of its value from last November. I'm OK with that, since I'm still up more than 500% from my initial buy. Do I have any regrets? Hell yeah. Well, seriously? No.

[Joe (SoCal)]

Try FOX business, continuous updates.

Hey pile since I don't have premium cable so I don't get FOX NEWS, CNN, MSNBC etc. did ANY Fox network cover the Jan 6th hearings ? Asking for a friend

[Too Little Time]

I'm in it for the long haul as well. My stock has lost 50% of its value from last November. I'm OK with that, since I'm still up more than 500% from my initial buy. Do I have any regrets? Hell yeah. Well, seriously? No.

Good attitude to have.

[Dan McCosh]

I invested in the CAR not the company and I’m WAY ahead

What if you had bought a '59 Cadillac.

[Stiletto]

What if you had bought a '59 Cadillac.

A mate of mine bought a '68 Coupe De Ville about 15 years ago for not very much. He was blown away by the current valuation when he was re doing all his insurances.

[Joe (SoCal)]

What if you had bought a '59 Cadillac.

I had a 69 GTO it made it to 58,000 miles before it died on route 78 in NJ. I took the plates and all the registration off and hitchhiked back home. Yea I still wonder if I wasn't 22 years old and foolish how nice it would be to have that car in SoCal now.

[CK 17]

I invested in the CAR not the company and I’m WAY ahead

I didn’t invest in crypto so I guess I’m way ahead

[Joe (SoCal)]

I didn’t invest in crypto so I guess I’m way ahead

Yes yes you are

Screen Shot 2022-06-21 at 6.14.15 PM.jpg

That said Tesla bounced back a bit today

Screen Shot 2022-06-21 at 6.15.47 PM.jpg

[Too Little Time]

...

Bitcoin has certainly been a good investment at various time. 5 years ago. But Tesla has also been a good investment at various times.

[woodpile]

Hey pile since I don't have premium cable so I don't get FOX NEWS, CNN, MSNBC etc. did ANY Fox network cover the Jan 6th hearings ? Asking for a friend

Yes they did, most of yesterday, had to suffer thru it on way home from a great day on the water, BTW I don't have "premium" cable either, being a successful business man driving a luxury Tesla I thought you might have all the "premium" stuff.

[Rapelapente]

I have a pretty heavy bunch of Nikola now. Bought them at average 6$ .
I have to be patient ...
But I catch up on Soitec (Euronext). I don't even understand what Cryptos can be.
And I'm pretty happy with that...

[Rich Jones]

Dow jumps over 800 points today!
Of course, the media only reports when it drops.....
Bad news is good. Good news is boring.

[Too Little Time]

Dow jumps over 800 points today!
Of course, the media only reports when it drops.....
Bad news is good. Good news is boring.

I take it as a suggestion that the rich are at risk of losing money rather than at risk of making money. Makes them more sympathetic.

[Gerarddm]

My investment guy says I am still beating the market by 3-4%. Cold comfort, considering how much I am down, but I guess ( hope? ) I will live long enough to see it crawl back up. If the market could correct from the abyss of 2008 in a relatively short time, I can hope ( I might add that when the market crashed in 1929, it wasn't until the early 1950s that it reached its previous peak. Wow. Which brings to mind John Maynard Keynes' famous observation that, in the long run, we are all dead ).

[Too Little Time]

My investment guy says I am still beating the market by 3-4%. Cold comfort, considering how much I am down, but I guess ( hope? ) I will live long enough to see it crawl back up. If the market could correct from the abyss of 2008 in a relatively short time, I can hope ( I might add that when the market crashed in 1929, it wasn't until the early 1950s that it reached its previous peak. Wow. Which brings to mind John Maynard Keynes' famous observation that, in the long run, we are all dead ).

A lot of poor math has been done to support opinions. Using the S&P500 index without including dividends is one dubious use. Another is to use short term stock market behavior to make long term decisions.

Certainly the 30 years following 1929 were not as good as could have been, but 8% annualized returns of the S&P500 with dividends reinvested was not all that bad.

One can look at the period between 1920 and 1929 - short term for the market. The market quadrupled - https://www.pbs.org/fmc/timeline/estockmktcrash.htm . Perhaps looking at a starting point prior to 1929 would give a more balanced view than starting at a peak.

The S&P500 is up 57% since the start of 2019 - annualized 14%. Hardly anything to worry about. Even without reinvesting dividends the S&P500 is up 49% - 12.5% annualized.